Kerry Properties said underlying profit fell 6 per cent to HK$4.41 billion in 2013 while maintaining it wants to achieve 12 per cent growth in its contracted sales in Hong Kong and on the mainland this year.Tuesday, 18 March, 2014, 1:14am
Kerry Properties is offering a total discount of 15.8 per cent, including a stamp duty subsidy of as much as 8.5 per cent, to boost sales at The Summa, its residential project in Sai Ying Pun to be launched next week.
After that discount, the average price of the first 50 units at the 168-unit project is HK$22,989 per square foot.3 Jan 2014 - 3:18pm 1 comment
Kerry Properties intends to spin off its logistics arm in a Hong Kong listing, the firm said in a filing with the stock exchange yesterday, at a time when global trade is showing few signs of a strong recovery.1 Aug 2013 - 5:50am
Kerry Properties will launch its residential development Bayview in Ma Tau Kok by the end of this month, the fifth new project offered for sale since the new rule on primary flat sales took effect at the end of April.26 Jun 2013 - 4:55am
Chu Ip-pui, an executive director of Kerry Real Estate Agency, said yesterday an occupation permit for Bayview had been granted and a certificate of compliance was expected within a month. "Then we will be able to release the units for sale in a completed condition."14 Jun 2013 - 3:49am
Kerry Properties has maintained its sales target of HK$11 billion for this year, despite banks raising mortgage rates and the government releasing a series of measures to cool the property market.
Executive director Steven Ho Shut-kan yesterday said the higher mortgage rates, cooling measures and new restrictions on property sales would definitely affect developers' sales strategy.15 Mar 2013 - 4:37am
Kerry Properties has won a Ho Man Tin luxury residential site with a market-expected price of HK$11.69 billion, but the price is 18 per cent less than a neighbouring site sold for nearly three years ago.14 Mar 2013 - 6:41am
In a filing with the Hong Kong stock exchange after the market closed, the company said it was "in negotiation with third parties regarding possible acquisition of a group of media companies in Hong Kong".19 Feb 2013 - 5:18am
Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.7 Jan 2013 - 4:31am
Investors OK takeover bid by News Corp1 Nov 2012 - 4:48am